Tech Company M&A Transactions
Dubsmash Acquisition
On 12/14/2020, Dubsmash was purchased by Reddit. The exit price for Dubsmash was not provided.
Transaction Overview
Company Name
Acquired By
Announced On
12/14/2020
Transaction Type
M&A
Amount
Unknown
M&A Terms
Dubsmash will bring two key strengths to Reddit. First, Dubsmash's mission is unique among social platforms, and is aligned with Reddit's own mission of bringing community and belonging to everyone in the world. Just as Reddit is a place for content you won't see anywhere else on the Internet, Dubsmash provides a welcoming platform for creators and users who are under-represented in social media. Financial terms of the transaction were not disclosed.
Company Information
Company Status
Acquired or Merged
Industry
Entertainment
Mailing Address
Majakowskiring 55
Berlin, 13156
Germany
Berlin, 13156
Germany
Phone
Undisclosed
Website
Email Address
Overview
Dubsmash is the new viral messaging app that has taken the #1 spot in the App Store of over 29 different countries across Europe.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Jonas Drupel
Co-Founder
Roland Grenke
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